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Union Bank of India was established on 11 November 1919 in Bombay (now Mumbai) by Seth Sitaram Poddar. [1] The bank's corporate office was inaugurated by Mahatma Gandhi . At the time of India's independence in 1947, the bank had four branches – three in Mumbai and one in Saurashtra in trade centres. [ 9 ]
UBI Banca, via Banco di Brescia, was the main sponsor of football club Brescia Calcio. [22] After all banking subsidiaries/brands became defunct, UBI Banca was the main sponsor of the reserve team of Bergamo-based Atalanta B.C., as well as the "official bank" of the whole club. [23]
UBI was the result of the merger in 1950 of four Bengal-based banks: Comilla Banking Corporation (founded by Narendra Chandra Dutta in 1914 in what is now Bangladesh), Bengal Central Bank (founded by J. C. Das in 1918), Comilla Union Bank (founded by Indu Bhusan Dutta in 1922) and Hooghly Bank (founded by D. N. Mukherjeee in 1932).
MILAN (Reuters) -An Italian court on Friday acquitted the former top executives of UBI Banca in a trial over alleged governance irregularities at the regional bank, which is now part of the Intesa ...
Banco di Brescia San Paolo CAB S.p.A., known as Banco di Brescia, was an Italian bank based in Brescia, Lombardy. On 20 February 2017 it was absorbed into the parent company UBI Banca. The bank had 288 branches (as of June 2016): 205 in Lombardy, 45 in Lazio, 27 in Veneto, 9 in Friuli – Venezia Giulia and 1 in Trentino – South Tyrol.
From January 2008 to December 2012, if you bought shares in companies when Charles O. Holliday, Jr. joined the board, and sold them when he left, you would have a -38.1 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
The bank faced capital shortfall and was nationalized by Italian National Resolution Fund in 2015 as Nuova Banca delle Marche, [2] with toxic assets of the bank was spin off from the new legal person. The bank was bought by UBI Banca on 18 January 2017 for a nominal fee, renaming to Banca Adriatica. In the same year it was merged into UBI Banca.
Given the image of the homicide captured on surveillance video – a dark-hooded figure with a gray backpack fatally shooting the executive in the back from several feet away – the case may seem ...